Toyota to resume normal production in India from May 20

New Delhi: Japanese car giant Toyota on Monday said it will resume normal production in India from May 20 after being compelled to slash output by 70 per cent since April 25 due to component supply constraints following the devastating earthquake and tsunami that hit the island nation.

During the period of low operations, production was curtailed by about 10,000 units, translating into a revenue loss of about Rs 650 crore for its Indian entity, Toyota Kirloskar Motor (TKM).

“The parts that we were not getting will start arriving in coming days. That is why we are confident of resuming normal operations earlier than expected,” TKM Deputy Managing Director (Commercial) Shekar Viswanathan told PTI.

In the wake of the disruption in supplies, the company had earlier suspended production on Mondays and Fridays between April 25 and June 4.

“We lost about 10,000 units of production across all models… Because of the production drop, the revenue loss was on an average Rs. 6,50,000 per vehicle,” Mr. Viswanathan said.

On that basis, the overall production loss of 10,000 units translates to about Rs. 650 crore.